2023 Preuss Rd, Los Angeles, CA 90034
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2023 Preuss Rd Los Angeles, CA 90034

$7,400,000
  • 32 Beds
  • 30 Baths
  • 17,841 Sq.Ft.
For Sale
$7,400,000 Get Pre-Qualified

Map preview of 2023 Preuss Rd, Los Angeles, CA 90034

Property Overview: 2023 Preuss Rd Los Angeles, CA has 32 bedrooms, 30 bathrooms, 17,841 living square feet and 17,369 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 2023 & 2027 Preuss Road is a portfolio sale of two side-by-side multifamily properties featuring 18 units, with the potential to build 4 additional one-bedroom ADUs. 2027 Preuss APN: 4302-018-011. The complex is situated in the Beverlywood vicinity in West LA, surrounded by Beverly Hills, Cheviot Hills, and Culver City. The 2-level multifamily has upgraded interiors with AC, new wood floors, recessed lighting, a fully redone kitchen with stainless appliances, remodeled bathrooms, new windows, gated access, and a large common area for entertainment. Excellent unit mix 3+2, 2+2, 1+1 with balconies ranging from 750SF to 1050SF. Approved and permitted to build 4 attached one-bedroom ADUs. Well-maintained and managed property with low expenditure that doesn't require on-site management. The Preuss Road is a quiet street comprised of apartment buildings and single-family homes. Its prime location provides easy access to shopping, dining, entertainment, and many public transportation options for quality tenants who seek a convenient lifestyle.

Listed by Eva Jacobs | BRE #01904512 | Vista Sotheby's International Realty
Last checked: 6 seconds ago | Last updated: July 2nd, 2024 | Source CRMLS | DOM: 33
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Home details

Lot Sq. Ft
17,369
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24401871
City
Los Angeles
County
Los Angeles
Time on Site
33 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,950
  • Total Rent: $29,497
  • Pro Forma/Market Rent: $33,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,353
  • Total Rent: $6,706
  • Pro Forma/Market Rent: $8,000
Unit Breakdown 3
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,315
  • Total Rent: $13,887
  • Pro Forma/Market Rent: $15,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.86%
  • Gross Rent Multiplier: 12.5
  • Gross Scheduled Income: --
  • Net Operating Income: $439,357
  • Gross Operating Income: $595,162
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2023 Preuss Rd

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 22
  • Has Parking
  • Parking Features: Attached Carport
Lot Information
  • Lot Size Source: Plans
Property Information
  • Total # of Units: 18
  • Parcel Number: 4302018012
  • Year Built Source: Assessor
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Robertson, South of Pico Blvd.
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Sale History for 2023 Preuss Rd

Last sold for $1,605,000 on December 6th, 2011
  • June, 2024

  • Jun 11, 2024

    Date

    Active

    CRMLS: 24401871

    $7,495,000

    Price

  • March, 2024

  • Mar 1, 2024

    Date

    Expired

    CRMLS: 23304965

    $7,990,000

    Price

  • Sep 5, 2023

    Date

    Active

    CRMLS: 23304965

    $8,250,000

    Price

  • Listing provided courtesy of CRMLS

    2023 & 2027 Preuss Road is a portfolio sale of two side-by-side multifamily properties featuring 18 units with the potential of building ADUs. 2027 Preuss APN: 4302-018-011. The complex is situated in the Beverlywood vicinity in West LA, surrounded by Beverly Hills, Cheviot Hills, and Culver City. The 2-level apartment buildings have upgraded interiors with AC, new wood floors, recessed lighting, a fully redone kitchen with stainless appliances, remodeled bathrooms, new windows, gated access, and a large common area for entertainment. Great unit mix 3+2, 2+2, 1+1 with balconies ranging from 750SF to 1050SF. Approved and permitted to build 4 attached one-bedroom ADUs. Well-maintained and managed property with low expenditure that doesn't require on-site management. The Preuss Road is a quiet street comprised of apartment buildings and single-family homes. Its prime location provides easy access to shopping, dining, entertainment, and many public transportation options for quality tenants who seek a convenient lifestyle.

  • December, 2011

  • Dec 6, 2011

    Date

    Sold (Public Records)

    Public Records

    $1,605,000

    Price

  • September, 2009

  • Sep 4, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2023 Preuss Rd

Assessed Value (2020): $1,843,343
Year Land Value Improved Value Assessed Value
2020 $1,148,501 $694,842 $1,843,343

Home Value Compared to the Market

This property vs the competition

2023 Preuss Rd is listed 516.67% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $414.77 per/sqft which puts the price per square foot 46.34% lower than the median price per square foot for the city of Los Angeles.

About 2023 Preuss Rd

Detailed summary of property

2023 Preuss Rd is a multi family located in Los Angeles, CA 90034 and is currently for sale. This multi family property offers 32 bedrooms, 30 bathrooms, roughly 17,841 living square feet, and sits on an approximately 17,369 square foot lot. 2023 Preuss Rd was first listed on ArdentRealEstateGroup.com on June 11, 2024. The homeowner is currently asking $7,400,000 and was originally asking $7,495,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 516.67% higher than the median priced home. Local competing homes currently for sale include 11942-11948 Darlington Ave, 11975-11977 Mayfield Ave and 1248-1242 Mcclellan Dr. While the average home in Los Angeles, CA is selling in 101 days, 2023 Preuss Rd has a days on market of 33 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 2023 Preuss Rd Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2023 Preuss Rd

Public county record property details
Beds
16
Baths
15
Year built
1963
Sq. Ft.
8,929
Lot Size
8,683
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
25
APN
4302-018-012

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,699,000
Median List Price/Sq.Ft.
$898
Median Sold Price
$1,895,000
Median Sold Price/Sq.Ft.
$1,003
Total Inventory
56
Median Sale to List Price %
111.54%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (14.29%), Other (14.29%)

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Related Resources to 2023 Preuss Rd

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.